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Assured Guaranty unit insures £90M of bonds

Jul 31, 2020 - SNL European Financials Daily

The bond issuance will finance the refurbishment and redevelopment of existing student accommodations at Kingston University.

Assured Guaranty (Europe) PLC has insured principal and interest payments on £90 million of bonds issued by Kingston Student Living LLP.

The 35-year bonds, distributed in two tranches of fixed and index-linked debt, closed July 29, and were sold as a private placement to U.K. investors.

The bond issuance will finance the refurbishment and redevelopment ...